Carl
Level 15

Investors & landlords

and whether there is a workaround.

The workaround is in my first response. But one could easily have missed it. Simply go into the Assets/Depreciation section and enter the property there as an asset. That way you (not the program) decides and sets what the cost basis is.

If when you get into the assets/depreciation section you see the property already there. Simply elect to edit it, and you can change the numbers as needed.